The latest USDA data shows there were 5,532 active licenses for the growing season of 2024, up from 5,604 active licenses in 2023. In 2024, acres planted increased 63.6% to 45,294 acres, and acres harvested 55.1% to 32,694 acres, according to the National Hemp Report 2024. Hemp floral varieties accounted for about 36% of total harvested acreage, fiber for 58%, grain for 15% and seed for 7%. The report also found that the value of hemp production in the open in the U.S. increased 61.6% to $417 million. It is worth noting that National Hemp Reports estimates only take into account sales of raw hemp material, not finished hemp products while total sales of hemp-derived products are projected to reach $5 billion by 2028.
Hemp legalization and new methods of CBD oil extraction with a growing number of various CBD infused products available in mainstream markets will lead to an increase in consumer spending on CBD products. Grand View Research projects that total sales of CBD consumer products in the U.S. will grow at a compound annual growth rate of 13.8% while hemp-derived CBD is expected to grow at a CAGR of over 15% post pandemic owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health.
U.S. Hemp CBD Business Plan Sample. Table of Contents.
EXECUTIVE SUMMARY
Project Scope
Market Opportunities
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
PROJECT SCOPE
Mission/Vision/Goal
Objectives
Products & Services
Key Markets
MARKET OVERVIEW
Global Market Overview
US Hemp CBD Industry
Competitive Advantages
Hemp CBD Market Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Marketing Plan
Launching Strategy
Sales Forecast
OPERATIONAL PLAN
Location/Facilities
Physical Security Plan
Packaging and Labeling
Transportation
Tracking Solution
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Direct and Operational Costs
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
Funding Analyses
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
U.S. Hemp CBD Business Plan Sample for a Hemp/CBD Retail Business
U.S. Hemp CBD Pitch Deck Sample for a Hemp Cultivation, CBD Oil Extraction and/or Fiber Products Manufacturing
U.S. Hemp CBD Financial Model Sample for a Hemp Growing Business
We offer professional hemp/CBD business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant hemp/CBD business. A Hemp/CBD Business Plan Template includes: Excel financial model that you will be able to edit and customize according to your business needs Word business plan document template, open and editable PowerPoint pitch deck template, open and editable Unlimited support (email)
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